Keppel to sell some of its stake in the Hilli Eposiyo FLNG for US$190m
Keppel will now own only 5% of the FLNG’s common units.
Keppel Corp, in a consortium with Golar LNG and Black & Veatch, will sell 5% of its equity stake in the Hilli Esposiyo FLNG to Golar LNG Partners for US$178-190m.
According to RHB, upon the success of the sale, Keppel's 10% stake in FLNG's common units will fall to 5%. It will keep its Series A and B units at 10%.
The Series A and B units entitles Keppel to a portion of cash flows from the facility, subject to terms and conditions.